The Following Information Pertains to Z-Mart, Its Competitors, and the Industry

The following information pertains to Z-Mart, its competitors, and the industry standards.
$$\begin{array} { | l | r | r | r | } \hline & \text { Z-Mart } & \text { Diablo } & \text { Luisi } \\\hline \text { Cash } & \$ 10,350 & \$ 28,000 & \$ 29,000 \\\hline \text { Accounts receivable } & 13,140 & 4,600 & 15,640 \\\hline \text { Merchardise inventory } & 30,480 & 66,000 & 40,250 \\\hline \text { Prepaid experse } & 1,600 & { 8 } , 000 & 4,900 \\\hline \text { Accounts payable } & 18,800 & 15,720 & 28,490 \\\hline \text { Salaries payable } & 20,090 & 30,000 & 9,750 \\\hline \text { Other current payables } & 550 & 1,200 & 4,240 \\\hline\end{array}$$ The industry standard for the current ratio is 1.8 to 1. The industry standard for the quick ratio is 1 to 1. Instructions: (1) Calculate the current ratio and quick ratio for each firm. (2) Rank the firms in decreasing order of liquidity. (3) Comment on Z-Mart's relative position.